Total Shareholder Return (TSR). For purposes of the Performance Metric, except as otherwise provided in Sections 2.8 and 2.9(a) below, TSR for a company, including the Company, will be:
(a) Average Share Price for the last twenty (20) business days of the Performance Period, minus
(b) Average Share Price for the twenty (20) business days preceding the beginning of the Performance Period, plus
(c) Dividends (cash or stock based on ex-dividend date) paid per share of company common stock over the Performance Period, the total of (a), (b) and (c) is divided by
(d) Average Share Price for the twenty (20) business days preceding the beginning of the Performance Period.
Total Shareholder Return (TSR). (i) TSR will be compiled for a peer group of companies approved by the Compensation Committee (the “Target Group”) for the Performance Period immediately preceding each Normal Vesting Date. TSR for each such company is measured by dividing (A) the sum of (i) the dividends on the common stock of such company during the Performance Period, assuming dividend reinvestment, and (ii) the difference between the average closing price of a share of such company’s common stock for the 15 trading days ending December 31 at the end of the Performance Period and the average closing price of such shares for the 15 trading days ending December 31 immediately prior to the beginning of the Performance Period (appropriately adjusted for any stock dividend, stock split, spin-off, merger or other similar corporate events), by (B) the average closing price of a share of such company’s common stock for the 15 trading days ending December 31 immediately prior to the beginning of the Performance Period.
(ii) For each Performance Period, the TSR for Valero and each company in the Target Group shall be arranged by rank from highest performer to lowest performer according to the TSR achieved by each company. Shares of Common Stock will be awarded to Participant in accordance with Xxxxxx’x percentile ranking within the Target Group. The number of shares of Common Stock, if any, that Participant will be entitled to receive in settlement of the vested Performance Shares will be determined on each Normal Vesting Date, and subject to the provisions of the Plan and this Agreement, on such Normal Vesting Date, the vesting Performance Shares will be awarded as shares of Common Stock to the Participant per the payout percentages listed below when Xxxxxx’x TSR during the Performance Period falls within the following percentiles (“Percentiles”):
Total Shareholder Return (TSR). For purposes of the Performance Metric, except as otherwise provided in this Agreement, TSR for a company, including PDC, will be a percentage equal to (x) the “Performance Period Value Change” (as defined below) divided by (y) the “Beginning Value” (as defined below).
Total Shareholder Return (TSR). The number of TSR XXXx that may be earned following the last day of FY22 will range from % to % of the TSR Target Grant, and shall be determined based upon the Company’s three-year TSR performance for FY22 as measured against the three-year TSR performance of the companies comprising the S&P 500 over the same period (with the companies in the S&P 500 index being comprised of those companies that make up the S&P 500 index at the end of FY22 and with TSR measurements being made at the end of FY22), all as determined by the Committee and set forth in the following chart (“TSR Performance”). Three-year Company TSR performance versus three-year S&P 500 TSR Performance will be calculated as the 60-trading day average of the Company’s stock price at the beginning and end of such three-year period. For the avoidance of doubt, the TSR Performance period shall begin on March 30, 2019 and end on April 1, 2022. TSR Performance between the Threshold Level and Maximum Level will be determined based on a linear interpolation between the applicable performance levels. Nothing in this Section or elsewhere in the Agreement shall be read as allowing the Participant to earn more than % of the Target Grant during the Performance Period. Notwithstanding anything to the contrary in this Appendix B, the Committee may make any changes in this Section 2 as it determines in its sole discretion, without the consent of any Participant. For the avoidance of doubt, without the consent of any Participant, the Committee may, in its discretion, adjust the TSR Performance Goal to account for strategic transactions to the extent the Committee determines to be reasonable or appropriate.
Total Shareholder Return (TSR) a. The Company’s TSR represents the compounded annual return of an investment in one common share of Equity Residential over the Performance Period, expressed as a percentage (and sometimes commonly referred to as the “compound annual growth rate”, or “CAGR”), assuming the following:
(i) Beginning Share Price: $77.68 which is the average closing price of a common share of Equity Residential over the first 20 trading days of the Performance Period.
Total Shareholder Return (TSR). You are eligible to earn your targeted PSU shares based on the Company’s achievement of certain levels of TSR as compared to Cypress’s peer group of companies. Total Shareholder Return (TSR) is used to represent the cumulative return of an investment and includes both the change in the stock price as well as the value of dividends paid from a specified start and ending period. TSR is defined as: In the event that a peer company no longer trades on the NYSE or NASDAQ on the last day of the performance measurement period, the performance of the SOXX will replace that peer company. In the event that more than one peer company no longer trade on the NYSE or NASDAQ on the last day of the performance measurement period, the performance of the SOXX will only replace one peer company and any other peer company that no longer trades on the NYSE or NASDAQ will be excluded from the calculation. The calculation of the SOXX TSR will be consistent with the TSR calculations of the Peer Companies as outlined earlier. The payout for the TSR milestones is as follows: Between the 65th Percentile TSR and 90th Percentile Determined by linear interpolation between 65th and 90th percentile Between the 25th Percentile TSR and 65th Percentile Determined by linear interpolation between 25th and 65th percentile *If the TSR is negative, the payout will be 50% of the earned Shares.
Total Shareholder Return (TSR). You are eligible to earn your targeted PSU shares based on the Company’s achievement of certain levels of TSR as compared to Cypress’s peer group of companies. Total Shareholder Return (TSR) is used to represent the cumulative return of an investment and includes both the change in the stock price as well as the value of dividends paid from a specified start and ending period. TSR is defined as: The closing price on the TSR start date is based on the average daily closing price during the 20 trading days preceding the performance period and the closing price on the TSR end date is based on the average daily closing price of the last 20 trading days of the performance period. In the event that a peer company no longer trades on the NYSE or NASDAQ on the last day of the performance measurement period, the performance of the SOXX will replace that peer company. In the event that more than one peer company no longer trade on the NYSE or NASDAQ on the last day of the performance measurement period, the performance of the SOXX will only replace one peer company and any other peer company that no longer trades on the NYSE or NASDAQ will be excluded from the calculation. The calculation of the SOXX TSR will be consistent with the TSR calculations of the Peer Companies as outlined earlier. The payout for the TSR milestones is as follows: Between the 65th Percentile TSR and 90th Percentile Determined by linear interpolation between 65th and 90th percentile Between the 25th Percentile TSR and 65th Percentile Determined by linear interpolation between 25th and 65th percentile *If the TSR is negative, the payout will be 50% of the earned Shares.
Total Shareholder Return (TSR). The quotient obtained by dividing (1) the Shareholder Return with respect to a share of common stock, by (2) the Beginning Market Price of a share of common stock. For this purpose:
(1) The Shareholder Return means the cash dividends paid on a share of common stock during the Performance Period, increased by (if positive) or reduced by (if negative) the change in stock price from the Beginning Market Price of a share of common stock to the Ending Market Price of a share of common stock. <PAGE>
(2) The Beginning Market Price of a share of common stock is the average closing market price of a share of common stock for the 30 trading days immediately preceding the first day of the Performance Period as reported by the securities exchange on which such stock is principally traded.
(3) The Ending Market Price of a share of common stock is the average closing market price of a share of common stock for the 30 trading days immediately preceding the last day of the Performance Period as reported by the securities exchange on which such stock is principally traded.
Total Shareholder Return (TSR). The payment of a Performance Unit will be determined based on the comparison of (i) the average of the TSRs (as defined below) of the Company’s common stock measured at the end of each calendar quarter during the Performance Period, with each quarter’s TSR indexed back to the beginning of the Performance Period on January 1, 2011 to (ii) the average of the TSRs of each of the common stocks of the members of the Peer Group measured at the end of each calendar quarter during the Performance Period, with each quarter’s TSR indexed back to the beginning of the Performance Period on January 1, 2011.
Total Shareholder Return (TSR). The vested percentage applicable to TSR will be determined based on BWXT’s TSR (as defined below) over the Performance Measurement Period relative to the TSR of the companies included in the S&P Aerospace & Defense Select Industry Index as of the first business day of the Performance Measurement Period (as defined below) and set forth in Schedule 2 attached herewith (the “TSR Companies”) during the same period in accordance with the following schedule: <25th percentile 0% 25th percentile 50% 50th percentile 100% >75th percentile 200% Vested percentages between the amounts shown will be calculated by linear interpolation. The vested percentage applicable to TSR will be 0% if BWXT’s TSR ranks lower than the 25th percentile relative to the TSR Companies. In no event will the vested percentage applicable to TSR be greater than 200%. If BWXT’s TSR during the Performance Measurement Period is negative, the vested percentage applicable to TSR shall not exceed 100%.
